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ESS

Essex Property Trust, Inc.

$295.69

Earnings Summary

Revenue
$399.98Mn
Net Profits
$57.05Mn
Net Profit Margins
14.26%
PE Ratio
50.42

Highlights

Revenue:

Essex Property Trust, Inc.’s revenue jumped 13.96% since last year same period to $399.98Mn in the Q2 2022. On a quarterly growth basis, Essex Property Trust, Inc. has generated 4.73% jump in its revenue since last 3-months.

Net Profits:

Essex Property Trust, Inc.’s net profit fell -12.02% since last year same period to $57.05Mn in the Q2 2022. On a quarterly growth basis, Essex Property Trust, Inc. has generated -22.11% fall in its net profits since last 3-months.

Net Profit Margins:

Essex Property Trust, Inc.’s net profit margin fell -22.79% since last year same period to 14.26% in the Q2 2022. On a quarterly growth basis, Essex Property Trust, Inc. has generated -25.63% fall in its net profit margins since last 3-months.

PE Ratio:

Essex Property Trust, Inc.’s price-to-earnings ratio after this Q2 2022 earnings stands at 50.42.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Essex Property Trust, Inc. post its latest quarter earnings

EPS Estimate Current Quarter
1.33
EPS Estimate Current Year
1.33

Highlights

EPS Estimate Current Quarter:

Essex Property Trust, Inc.’s earning per share (EPS) estimates for the current quarter stand at 1.33 - a 0.76% jump from last quarter’s estimates.

EPS Estimate Current Year:

Essex Property Trust, Inc.’s earning per share (EPS) estimates for the current year stand at 1.33.

Key Ratios

Key ratios of the Essex Property Trust, Inc. post its Q2 2022 earnings

Earning Per Share (EPS)
0.87
Return on Assets (ROA)
0.03
Return on Equity (ROE)
0.07
Dividend Per Share (DPS)
8.58

Highlights

Earning Per Share (EPS):

Essex Property Trust, Inc.’s earning per share (EPS) fell -13% since last year same period to 0.87 in the Q2 2022. This indicates that the Essex Property Trust, Inc. has generated -13% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Essex Property Trust, Inc.’s return on assets (ROA) stands at 0.03.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Essex Property Trust, Inc.’s return on equity (ROE) stands at 0.07.

Dividend Per Share (DPS):

Essex Property Trust, Inc. declared 8.58 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-04-27
1.21
1.12
-7.44%
2022-07-27
1.32
0.87
-34.09%

Company Information

Essex Property Trust, Inc. ('Essex'), an S&P 500 company, is a fully integrated real estate investment trust ('REIT') that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development.

Organisation
Essex Property Trust, Inc.
Headquarters
San Mateo, California, US
Employees
2.02K
Industry
Finance
CEO
Michael Schall